HARDI Distributors Report 5.6% Sales Increase in April - Modern Distribution Management

Log In

HARDI Distributors Report 5.6% Sales Increase in April

Annualized growth through April is 8.4 percent.
Author
Date

Heating, Air-conditioning and Refrigeration Distributors International reported a 5.6 percent sales increase for April. The average annualized growth for the 12 months through April 2017 was 8.4 percent.

"April is the tail end of heating season in some parts of the country and the start of cooling season in other parts,” said HARDI market research & benchmarking analyst Brian Loftus. “Wherever HARDI distributors were located, they had one less billing day this month and produced results consistent with a healthy market.”

"The US Remodeling Market Index reached 58.3 in the first quarter, up 7.0 percent from the first quarter of 2016 and the highest mark since mid-2015,” said HARDI senior economist Connor Lokar. “Along with the 6.7 percent year-over-year improvement of US Private Home Improvement Construction spending to a record $159.7 billion, it is a good economic environment for HARDI members.”

The Days Sales Outstanding, a measure of how quickly customers pay their bills, is now over 50 days.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.